Trina Solar sells power plant to equity investment company

PV manufacturer, Trina Solar, recently announced the sale of its solar power plant in Trehawke, UK to one of the leading private equity investment companies in the world, Foresight Group. The plant is one of two Trina Solar projects in the UK that were connected to the national grid in early 2014.

The 10.6MW facility used over 41,404 high quality solar modules developed by Chinese manufacturer, Trina Solar and has been providing a significant amount of renewable energy to the region.

Trina Solar overseas expansion booms with UK plant sale

Ricardo Pineiro of Foresight Group noted in his official statement that the company was delighted to acquire the 10.6 MW Trehawke solar power plant and this agreement would be a prime example of international companies working together to provide quality service to the public.

Successful completion of the transaction would elevate Trina Solar’s opportunities to continue their pipeline in the UK and soon enough more of their projects may see the light of day in the country. As a matter of fact, Trina Solar has around 49.9 MW of solar power projects currently being built in the UK.

Trina Solar company plans to continue renewable project growth

All of these new projects are expected to be open and fully operational by the end of the first quarter in 2015. This would be just weeks ahead of the withdrawal of the Renewable Obligation Certificate subsidy given to solar plants larger than 5 MW.

Trina Solar also announced that following this transaction the company will look forward to the sales of other projects currently in development or planned for development in 2015 and onwards. The company hopes that the transaction with Foresight Group will help establish their credentials in the UK.

The Trehawke power plant is already enough to power well over 45,000 households especially now that newer studies are showing more and more homes are using less energy than in previous years. It may be due to rising costs of grid power or due to changing living habits.

Trina Solar Limited was founded in 1997 and initially began as a photovoltaic system integrator. Now in 2015 the company has evolved into one of the leading developers, installers, and distributors of smart green energy all over the world.

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